Examlex
The term of a ground lease cannot be specified.
Front-end Ratio
A financial ratio that compares a person’s gross monthly income to his or her monthly housing costs.
Housing Expenses
Costs associated with owning or renting a living space, including mortgage or rent, utility bills, property taxes, and maintenance fees.
APR
The Annual Percentage Rate, which reflects the cost of borrowing on a yearly basis and includes interest and other charges.
Mortgage
A loan secured by real estate property, commonly used to purchase a home.
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